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The Weekend Quiz – February 9-10, 2019

Welcome to The Weekend Quiz. The quiz tests whether you have been paying attention or not to the blog posts that I post. See how you go with the following questions. Your results are only known to you and no records are retained.

1. Workers can enjoy a stable share of GDP over time if they secure wage increases in line with the growth in their contribution to production.

2. In general, the estimates of the cyclical position of the fiscal balance provided by organisations such as OECD, the IMF and the US Congressional Budget Office are biased downwards.

3. A continuous fiscal deficit exposes the economy to inflation risk because the public spending builds up over time.

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    This Post Has 4 Comments
    1. Great work sir,
      Thank you for taking the time to educate ..
      Many of us really appreciate your efforts..
      2 out of 3…. interesting to see the explanation of the first question..

    2. Blew no 1. But I guess the point is that the GDP includes many of the financial activities that are not directly related (or rather not related at all) to the actual production of services and goods?
      Will go on and read the commentary post.
      Greetings from DK.

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